EMI: ₹26,987/month at 10.5%. Min income: ₹49,068/month.
A ₹20 Lakh loan against property from L&T Finance at 10.5% interest for 10 years will cost you ₹26,987 per month as EMI. You will pay a total interest of ₹12,38,440 over the loan tenure. The minimum monthly income needed is ₹49,068 (assuming no existing EMIs).
L&T Finance Loan Against Property EMI for ₹20 Lakh at 10.5% for 10 years is ₹26,987 per month.
You need a minimum monthly income of ₹49,068 for a ₹20 Lakh loan against property from L&T Finance (at 10.5% rate, assuming no existing EMIs).
The total interest payable on ₹20 Lakh loan against property from L&T Finance at 10.5% for 10 years is ₹12,38,440.
L&T Finance charges a processing fee of Up to 2% of loan amount + GST for Loan Against Property.
L&T Finance Loan Against Property prepayment policy: 4% for fixed, nil for floating.